Below you can see our technical view for the start of the week of the daily charts of the majors
EURUSD
The pair is in a sideways formation for over a month now and the top of the range has been tested with Friday's highs.
Until we see a breakout we trade the range...
GBPUSD
The pound has risen all the way to from the bottom to the top of the downward channel that contains the move.
Now the 1.3600-30 area provides resistance and a corrective move will likely emerge from that levels. We are looking for sell setups
USDJPY
Price broke out from the 115.00 long term resistance area and although the top of a channel is been tested we are cautious for sell setups until a reversal confirmation could be seen in the chart.
As long as 115.00-30 area provides support we expect price to go higher
AUDUSD
Probably a sideways formation is in the making. Neutral
NZDUSD
Sideways formation again...
USDCAD
The base of an H&S pattern is under test after the rejection of 1.2900 resistance
EURUSD
The pair is in a sideways formation for over a month now and the top of the range has been tested with Friday's highs.
Until we see a breakout we trade the range...
GBPUSD
The pound has risen all the way to from the bottom to the top of the downward channel that contains the move.
Now the 1.3600-30 area provides resistance and a corrective move will likely emerge from that levels. We are looking for sell setups
USDJPY
Price broke out from the 115.00 long term resistance area and although the top of a channel is been tested we are cautious for sell setups until a reversal confirmation could be seen in the chart.
As long as 115.00-30 area provides support we expect price to go higher
AUDUSD
Probably a sideways formation is in the making. Neutral
NZDUSD
Sideways formation again...
USDCAD
The base of an H&S pattern is under test after the rejection of 1.2900 resistance